Continuous Commitment Needed for Pandemic Fund’s Success
Continuous commitment to the Pandemic Fund is key to filling the funding gap for pandemic prevention, preparation, and response. All parties must play their part.
BADUNG, KOMPAS – The creation of the financial intermediary fund (FIF) for pandemic prevention, preparedness and response (PPR), or Pandemic Fund, is a promising start to increasing global preparedness for future pandemics. The fund was created to tackle funding inequities, especially as regards poor and developing countries. However, it can only be successful with continuous, shared commitment.
The World Bank and World Health Organization estimate that US$31.1 billion is needed each year for pandemic prevention, management, and response. Despite the various funding sources available, there is still a gap of $10.5 billion that needs to be addressed.